Stealth Fitness Center issues 9%, 9-year bonds with a face amount of $100,000. The market interest...

Stealth Fitness Center issues 9%, 9-year bonds with a face amount of $100,000. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually.

At what price will the bonds be issued? Use Table 2 and Table 4. (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.)

Tryna find the Issue price__________

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ekkarill92 answered 1 year ago

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